Spread before costs (cost unknown: a leg has no order-book sample)−0.175%
7d average+1.059%if it closes, per $10,000$18funding while held, a day+$5.40
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 166.05 | 0.0046 | pay 0.0006% / 1h | 41m 23s | — | $1.7M | 25x |
| Short | Phoenix MSTR | 165.76 | 0.0226 | get 0.0028% / 1h | 41m 23s | $53K | $380K | 10x |
Vest MSTR-USD-PERP
Phoenix MSTRPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$17.52
- Funding while held
- $5.4
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$21.12
- Spread needed to break even
- 0.090%
Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 67 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0180%
- Per $10,000 a day
- +$5.40
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Vest no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 67 min ago | 4.52 bp | 11.6 bp −$12 | 21.9 bp −$219 | doesn't fit | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phoenix165.76cheapest
Ondo Perps165.80+0.025%Extended165.95+0.118%Pacifica165.99+0.141%ApeX Omni166.02+0.157%Nado166.04+0.168%Aster166.04+0.170%Paradex166.05+0.173%
Ondo Perps
Extended
Pacifica
ApeX Omni
Nado
Aster
ParadexVest166.05+0.176%
Lighter166.06+0.182%BloFin166.07+0.188%Variational Omni166.07+0.188%SoDEX166.11+0.212%Bitget166.13+0.224%Phemex166.15+0.236%tradeXYZ166.16+0.242%Polymarket Perps166.16+0.242%RISEx166.16+0.244%QFEX166.17+0.248%Gate166.17+0.248%Aevo166.17+0.250%Deribit166.18+0.254%KuCoin166.20+0.266%Binance166.22+0.278%edgeX166.24+0.291%Orderly166.25+0.296%Bybit166.26+0.302%OKX166.32+0.338%Coinbase International166.32+0.338%Arcus166.33+0.344%Injective166.56+0.483%
Lighter
BloFin
Variational Omni
SoDEX
Bitget
Phemex
tradeXYZ
Polymarket Perps
RISEx
QFEX
Gate
Aevo
Deribit
KuCoin
Binance
Orderly
Bybit
OKX
Coinbase International
Arcus
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTRshort | −0.175% | +0.0226% | 1h | $53K | $380K | 10x | |
| Ondo Perps MSTR-USD.P | −0.151% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.058% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Pacifica MSTR | −0.034% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.018% | +0.0100% | 1h | $129K | $1.8M | 50x | as long as short |
| Nado MSTR-PERP | −0.007% | +0.0154% | 1h | $125K | $257K | 3x | as long as short |
| Aster MSTRUSDT | −0.006% | +0.0304% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Paradex MSTR-USD-PERP | −0.003% | +0.0113% | 8h | $66 | — | 5x | as long as short |
| Vest MSTR-USD-PERPlong | 0.000% | +0.0046% | 1h | — | $1.7M | 25x | |
| Lighter MSTR | +0.006% | +0.0056% | 1h | $3.6M | $2.8M | 10x | as long as short |